Is 60012, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60012 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60012 was a Seller's Market.

Key Takeaway

60012 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60012, IL

How much do homes in 60012, IL cost?

Median Sold Price

$499,900

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$59,900(+13.6%)

Key Takeaway

Homes in 60012 have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in 60012 was $499,900 in October 2024, up 13.6% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $309.9K$300K
-3.2%
3 $401K$468.4K
+16.8%
4 $467.4K$532.5K
+13.9%
5+ $628.7K$580K
-7.8%

Summary: 60012 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

60098
+15.1%
60012
+13.6%
60050
+12.7%
60014
+8.2%

Housing Supply in 60012, IL

How many homes are available in 60012, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5868+17.2%

Summary: The 60012 real estate market had 68 homes for sale in October 2024, a 17.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 31
-66.7%
3 2024
+20.0%
4 2734
+25.9%
5+ 88
0.0%

Summary: The 60012 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60012, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 60012 in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for 60012, IL

How long does it take to sell a home in 60012, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days23 Days+35.9%

Summary: Homes in 60012 had an average of 23 days on market in Oct 2024, up by 35.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 60012; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 60012, IL

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